News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Apr- 2024 -15 April
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 April
Trudon candlemaker to open debut store in Covent Garden
Covent Garden’s Seven Dials is set to welcome heritage candlemaker Trudon for its UK bricks-and-mortar debut. Trudon, the luxury French candlemaker which was founded in 1643, is the oldest, active candlemaker in the world and together with Shaftesbury Capital, will launch the UK debut store this June. Manufactured in Normandy…
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15 April
GVCA names Dr Hannah Shimko as MD
The Gift Card and Voucher Association (GCVA) has announced the appointment of Dr Hannah Shimko as its new managing director, effective April 10, 2024. Shimko brings a wealth of experience and expertise to her new role, having served as CEO at the Online Dating and Discovery Association and head of…
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15 April
The Body Shop to cut tax bill if it exits administration
Administrators for The Body Shop have been working on a deal to cut the firm’s tax bill should it emerge out of administration, according to reports from The Times. The deal would allow the company to retain £66m worth of tax benefits it had before it fell into insolvency. Creditors…
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15 April
Charles Tyrwhitt sales jump 45% to £269.2m in FY23
Charles Tyrwhitt’s sales jumped 45% to £269.2m during the 52-week period ended 29 July 2023. The retailer said that the majority of the company’s turnover is due to its digital channel.49% of turnover was derived in the UK while the remaining 51% from its operations in the USA, Australia and…
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15 April
Dr Martens sues Temu over alleged Google ad trademark infringement
Dr Martens, the British footwear brand, has filed a lawsuit against online retailer Temu last week, over a trademark infringement, according to the Times. Dr Martens has alleged that Temu has advertised with Google, using keywords like “Dr Martens” and “Airwair”, to promote its boots sales. As a result, Temu’s…
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15 April
Former BHS owner recalled to prison for breach of licence
Dominic Chappell, the former owner of BHS, has been made to return to HMP Guys Marsh in Dorset for breach of his licence conditions, The Times has reported. The news follows his recent release in November 2023, having served half of his six-year sentence for tax evasion. The businessman, who…
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15 April
Kingfisher chair to step down
Kingfisher has announced that Andrew Cosslett is set to step down as chair of the company after seven years as chair of the board. He has decided not to stand for re-election and will therefore step down from the board at the conclusion of the company’s AGM on 20 June. …
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12 April
Today’s news in brief-12/4/24
Levi’s has welcomed Gianluca Flore, a seasoned executive from Burberry, as its new chief commercial officer effective 29 July . With over 20 years of experience in luxury apparel, Flore will oversee global commercial operations, reporting directly to Levi’s CEO Michelle Gass. His track record in brand expansion and profitability…
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12 April
Wilko launches tool and equipment rental service
Wilko has announced the launch of its new tool and equipment hire service, Wilkohire, which aims to make handling jobs ranging from quick fixes to big renovations “easy and affordable”. The service, which is operated in partnership with easyToolhire, is live as of this week and will give customers the…
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